Dubdubs for JPOW breaks the printer and forces us on gold standard
Gabriel Adams
I had $3k that ballooned into $15K. If they think i'm not gonna double down on that shit they're out of their minds
James Lopez
Asking again, in a different timezone;
Question: How do you actualy make bank off of this then? When's prime time to sell - mid, late or post crash? Say I get $100 of PM. -If I sell mid-hyperinflation/crash, it'll be at it's highest possible 'fiat value', which can then be traded for more of the inevitable new currency. -If I trade for high-value goods late crash, when the new currency is being prepped and nobody can trade in for fiat, the goods I get (property, land, etc) should be at their best conversion rate to PM; at which point, post crash the assets return to standard (higher) value. -If I trade for the new currency post-crash, it'll be at a baseline value - but wouldn't selling here just mean I have the same value as the benchmark set for the non-investors buy-in much earlier in the crash (where the value is lower than the mid-crash in fiat)? How would the PM be any more valuable than simply it's original should-be conversion rate pre-crash?
Not criticising, just wondering when to maximise those gainz. nd, >inb4 lol never!!!!!!!, put aside the memes for a second and just answer the damn question.
>Question: How do you actualy make bank off of this then? When's prime time to sell - mid, late or post crash? PMs are not for you, other sports beckon.
Nathaniel Thompson
there is no new currency or dollar 2.0 gold and silver will go back to being money itself the answer to your question is, hold the metals to preserve your wealth throughout the crash, and when the time is right (presumably the peak PM value relative to land, stocks, etc) trade them for whatever other asset you want to own. at this point nobody will be holding dollars. it would be like holding weimar deutschmarks, everybody's just getting rid of them.
I won't be trading in and out. We had sideways movement in SILJ and GDXJ for a month before, and they actually plummeted 18% from their peaks. But both then suddenly soared upwards. We have had sideways movement in the miners now for 3 weeks, and the current plunge is only 13% from the peak. I don't want to miss the next move up, if there is going to be such a move. The risk is to the upside from my point of view.
NEM is the only miner in the S&P 500, and the largest silver producer in the world; but is now trading lower than it was on 22 May, when silver was $17 and gold was $1650. That gives you an idea of how absurdly cheap these mining stocks are. Again, SILJ is now trading as if we had gone back to $18 silver. People forget that we are still at $25 silver.
So I should just suck it up and watch my red numbers for a few days? A few weeks? Months?
Bentley Thompson
If we hit 100/oz I might sell off a small portion to buy a new gun or help pay off the last few thousand due on my car. Honestly unless its physical asset I am trading the silver for I don't think I will tap in to the stack. Unless I get the feeling that the FED is going to miracle up a cure to their current problem and this is just a normal bull run and not a coll apse of fiat.
If miners and metals do go red, it won't last longer than September. We have
1) COMEX deliveries which will probably bankrupt the paper markets, and send gold and silver to unprecedented heights;
2) An FOMC meeting in which YCC and highly inflationary policies are likely to be announced.
Parker Morales
>bankrupt the paper markets Won't that tank stuff like SILJ and PSLV too? Or will the impending run into stocks after YCC is announced keep them up? I thought the Fed said they weren't going to implement YCC?
Ayden Smith
You're both fucking retarded. Even Shiff and Sprott are open in the fact that they're accumulating for the crash to sell at; with Schiff constantly saying that the only reason he didn't sell come '08 was because they didn't let the crash properly play out, It's all well and good using them as a store of value, but the key point is how to minimise your losses when converting the value back into usable barter.
Right, trade for land/property late crash, thanks.
Hudson Cox
we just had, what, two years of the entire world's silver production "sold" via paper to force this dump
Which has barely lasted 12 hours before being bought right back up again.
LCS sold out 1000oz in 15 min after someone brought them in to sell.
Grayson Price
Yea this is pretty fucking stupid. Value your assets vs other assets like real estate to tell when to sell.
Kevin Jackson
>Won't that tank stuff like SILJ and PSLV It could, but it would be temporary
Joshua Price
Honestly it depends on your goals.
If you're holding to build generational wealth, then obviously you never sell. If you're holding to help you achieve other goals, then selling at the right time is the goal.
Ryder Bennett
If the COMEX went bankrupt, SILJ would soar to levels we can hardly imagine. The price of real silver would double or triple overnight, because silver would become completely free from manipulation. All the fake paper ounces would disappear, and there would be true price-discovery. Now these miners are producing real silver ounces; we know they have them; they can be relied on, unlike the fake paper markets. Some, like FMS, even want to pay a dividend in silver. And when you own a miner, you are buying a share of those real ounces.
Yes. See picture for those who are not aware of this. Craig Hemke explains how the scam works: youtube.com/watch?v=9EOPKizJ_Y4
>photoshop to make reality seem even less good by comparison 2d already does that well enough, no need for CGI asian dumptrucks
>If you're holding to build generational wealth, then obviously you never sell nah you could need liquidity to start a business or buy land or something.
Can I get a link to FM thinking/doing dividends in silver? I was considering buying 500 shares just for the 50 cent discount.
Charles Turner
Based and based-based.
Jack Allen
Dont sell during hyperinflation lol. One ounce of silver was 1 month of food in Venezuela. The advantage of physical PM is you can trade at a huge advantage where no currency holds confidence. Guess what, PM is money not fiat - people has eternally respected gold and to a lesser extent silver.
The new currency will have to gain confidence. People won't liquidate assets into this new currency until transactions happen. If its gold backed, congratulations you literally multiplied your money. This occured when FDR collected gold from Americans (confiscation is not correct IMO), re-pinned USD to gold, and lifted the value of gold.
If the new currency is a crypto not backed by gold, it will have weaker than claimed purchasing power initially, and that may be signal to liquidate some PM into this new currency.
Watch belangp videos about why 30% of your portfolio should be gold, it outperforms bonds because it is inversely correlated with stocks/economy.
Anthony Gonzalez
also if you are gonna post asian bums post nice ones at least...
I wish I had a timestamp to give you, but I can only say that Dave Kranzler alludes to the FMS silver dividend in this conference call, which goes on for an hour and a half:
Yesterday was not the best day to buy 4 platinum eagles. Whats the most public and messy way to end it all?
Wyatt Reed
Good fucking morning. $24 silver. Lets get low. COME ON! If it gets Below $25 again ill buy 3 tubes or krugs.
Luke Watson
good, more chances to buy up.
Dylan Bailey
Doesn't Sprott have contracts worth 1.5 billion of silver that he is taking delivery of in September?
Leo Sanders
second on left with blue shirt is beautiful. How much silver will she cost when it all fails?
Isaac Diaz
massive inflation and massive deflation (aka crash) are psychological phenamenons. That's Jim Rickard's wisdom. When your grandma realizes the 1000$ under her mattress could buy 2 pounds of beef, she'll try to spend it immediately, further perpetrating the on-going inflation. If hyperinflation happens, you are super advantaged with PMs.
In a market crash, gold (not silver) drops in price as well, but its about what you can trade for it. you want to sell the asset that changed -10% for one that changed -70%.
Of course what may happen is a crash in assets that lead to hyperinflation in consumer commodity, if we believe the BRRR money is pent up in stocks.
Owen Nguyen
I'm buying the physical dip this week on payday for sure. But pic related is how retardedly bullish I am. I figure 6 dollar loss at worst, God only knows at best.
